Banks Closing costs Loan contingency Loans 
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Though you can (and should!)
HomeLight
MARCH 23, 2022
But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better. Preapproval. Preapproval is the next step toward securing a mortgage.
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